The ECB should be ready to reduce the cost of borrowing to just below 2% per annum in order to offset the risks caused by global trade conflicts, said Pierre Wunsch, head of the Central Bank of Belgium. According to him, the current economic uncertainty and the resulting shocks require additional support. As one of the steps, Wunsch mentioned a reduction in the deposit rate, which has already been reduced by the ECB from 4% to 2.25% since June last year.Wunsch's statements indicate a revision of... Прочетете още
Oil refineries around the world have begun to suspend production or reduce refining volumes, as... Прочетете още
The coronavirus pandemic remains the main news of the day. The disease continues to spread,... Прочетете още
The mood in the German business community deteriorated significantly in March amid concerns about... Прочетете още
Energy experts fear that global oil storages may overflow during several months due to falling... Прочетете още
Today, the Philippine Stock Exchange closed indefinitely, and trading in foreign currency and bonds... Прочетете още
Since the beginning of 2020, the Chinese economy has experienced the most severe recession in the... Прочетете още
The European Union decided to create an investment initiative of €37 billion as part of a package o... Прочетете още
According to the results of the European Central Bank (ECB) meeting, the regulator left key... Прочетете още
The Bank of England unexpectedly lowered its base interest rate in an attempt to support the... Прочетете още
Saudi Arabian State Oil Company Saudi Aramco intends to increase oil supplies to 12.3 million... Прочетете още
The Italian authorities intend to allocate 7.5 billion euros ($8.4 billion) to combat the epidemic... Прочетете още
The Bank of Canada cut its key rate from 1.75% to 1.25% amid a rapidly spreading outbreak of... Прочетете още
The Federal Reserve Board unexpectedly lowered its base interest rate from 1.5-1.75% to 1-1.25%,... Прочетете още
The Central Bank of Australia has lowered its key interest rate from 0.75% to 0.5% per annum. The... Прочетете още
According to official figures, Italy's economic growth in 2019 has slowed to its lowest level since... Прочетете още
A key market indicator of long-term inflation expectations in the eurozone fell to a record low... Прочетете още
Major European stock indexes on Thursday evening accelerated the pace of decline and are already... Прочетете още
The German Institute for Economic Research DIW reported that Germany’s economy is close to s... Прочетете още
Italy warned the EU that it could require substantial assistance if the unexpected spread of... Прочетете още
Philip Lane, chief economist at the European Central Bank (ECB), said that the spread of the... Прочетете още
Gold prices rose to a maximum in 7 years due to fears that an outbreak of coronavirus will slow... Прочетете още
According to the Office of National Statistics (ONS), inflation in Great Britain accelerated in... Прочетете още
Stock prices of the American company Apple Inc are reduced today by 3.6% during preliminary... Прочетете още
In the fourth quarter of 2019, Japan's GDP fell by 6.3% year on year after increasing the... Прочетете още
According to the US Federal Reserve, the volume of industrial production in the United States in... Прочетете още
According to the US Labor Department, consumer prices in the US in January rose 2.5% year on year,... Прочетете още
Deputy head of the PRC Academy of Social Sciences Cai Fan said that China will be able to achieve... Прочетете още
The UK economy showed zero growth in the last quarter of 2019. According to preliminary data from... Прочетете още
Today, Gold quotes rose to a week maximum, reaching $ 1,580 per troy ounce. The precious metal is... Прочетете още
According to the U.S. Department of Labor, the number of Americans applying for unemployment... Прочетете още
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